EUR/JPY Short Term Outlook
EUR/JPY has broken minor support 134.50 after Greece debt talks break down after Athens rejected a proposal to request six month extension of its international bailout programme.
Technically EUR/JPY has recovered after making a low of 133.90 .Intraday major support is around 134.50 and any weakness can be seen only below that level. Break of 134.50 will take the pair further down till 133.70/133.
On the upside minor resistance around 136 and any indicative break above will target 137/137.60.
Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) - Buy
Ichimoku- Neutral
Recommendation: Buy EUR/JPY around 135.50, SL 134.49, Targets 137/137.60.
Technically EUR/JPY has recovered after making a low of 133.90 .Intraday major support is around 134.50 and any weakness can be seen only below that level. Break of 134.50 will take the pair further down till 133.70/133.
On the upside minor resistance around 136 and any indicative break above will target 137/137.60.
Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) - Buy
Ichimoku- Neutral
Recommendation: Buy EUR/JPY around 135.50, SL 134.49, Targets 137/137.60.
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